文档介绍：Chulalongkorn University
Faculty of Economics
. Program in International Economics and Finance
course year 2010/11
Special Topic on
Global Finance and Emerging Markets
Introduction
The ongoing financial crisis has, once again, shown that the global financial system is unstable and that existing governance structures are inadequate. It has also shown that finance is truly global: a crisis that started in the mortgage market of the USA affects us all. This course aims to analyze financial globalization and to assess how it affects an emerging market like Thailand.
The process of globalization has arguably gone furthest in the area of finance. Financial flows travel around the world with increasing intensity and rapidity. Financial markets of advanced countries are now integrated into global financial markets. A small number of developing countries, often called the emerging markets, have joined this process of financial integration and globalization. In these countries, governments have liberalized the domestic financial markets and international financial transactions; as a result private capital flows into and out of the country have increased enormously.
The integration of the emerging markets into the global financial markets has significant consequences for the growth and the stability of the economy and sets new challenges for economic policy makers.
Course o